Forex Top Story


The dollar rallied versus European rival Friday after European Central Bank President Mario Draghi said policy makers are ready with unprecedented measures if inflation does not pick up. It is feared that the euro zone will enter a dangerous deflationary spiral unless the ECB embarks on full-scale...

peoplesbankofchina-112114.jpg China's central bank on Friday unexpectedly cut its key interest rates for the first time in more than two years in a bid to boost sagging growth momentum. The People's Bank of China reduced the one-year lending rate by 40 basis points to 5.6 percent. The one-year deposit rate was cut by 25 basis points to 2.75 percent.

The dollar paused after surging to another 7-year peak against the yen Thursday, as traders weighed a flurry of economic news, including a closely-watched reading on U.S. inflation. Lower energy costs keeping are keeping inflation in check, possibly giving the Federal Reserve more room to keep interest...

LeadingindicatorIndex-112014.jpg Pointing to continued economic growth through the holiday season and into early 2015, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose by more than anticipated in the month of October.

PhiladelphiaFed-112014.jpg After reporting a modest slowdown in the pace of growth in regional manufacturing activity in the previous month, the Federal Reserve Bank of Philadelphia released a report on Thursday showing that its index of manufacturing activity jumped to its highest level in over twenty years in November.

ExistingHomeSales-112014.jpg Existing home sales in the U.S. unexpectedly showed a notable increase in the month of October, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales climbed 1.5 percent to a seasonally adjusted annual rate of 5.26 million in October.

CPIChart-112014.jpg With higher prices for services offsetting a steep drop in energy prices, the Labor Department released a report on Thursday showing that U.S. consumer prices came in unchanged in the month of October.

JoblessClaims-112014.jpg First-time claims for U.S. unemployment benefits saw a modest decrease in the week ended November 15th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged down to 291,000, a decrease of 2,000 from the previous week.

EurozonePMI-112014.jpg Private sector growth in the eurozone slowed unexpectedly to a 16-month low in November, as new orders dropped for the first time since July 2013. Germany also posted the weakest activity growth in 16 months, while France continued to contract in November. The Eurozone composite output index dropped to 51.4 in November, the lowest score since July of last year.

Ukretailsales-112014.jpg U.K. retail sales rebounded at a faster than expected pace in October on non food store sales and a sharp decline in store prices. Retail sales volume including auto fuel advanced 0.8 percent in October from September, the Office for National Statistics reported Thursday. A similar 0.8 percent growth was last seen in April.

China-Manufacturing-PMI-112014.jpg China's manufacturing sector defied expectations for expansion in November as the purchasing managers' index fell its lowest level in six months, preliminary figures from HSBC and Markit Economics revealed on Thursday. The HSBC manufacturing PMI came in at 50.0 in November- shy of expectations for 50.2 and down from 50.4 in October.

japanindustry-032910.jpg Japan's manufacturing sector continued to expand in November but at a slower pace, the latest survey from Markit Economics revealed on Tuesday with a PMI score of 52.1. The headline figure missed forecasts for a score of 52.7 and it was down from 52.4 in October, although it remained above the boom-or-bust...

japantrade-042110.jpg Japan posted a merchandise trade deficit of 709.995 billion yen in October, the Ministry of Finance said on Thursday - remaining in the red for the 28th consecutive month. The headline beat forecasts for a shortfall of 1,027.0 billion yen following the revised 960.6 billion yen deficit in September...

NewZealandcpi-071510.jpg Output producer prices tumbled 1.1 percent on quarter in the third quarter of 2014, Statistics New Zealand said on Thursday, following the 0.5 percent decline in the second quarter. Input producer prices fell 1.5 percent on quarter in Q3 after contraction 1.0 percent in the previous three months. "Lower...

HousingStarts-111914.jpg With new construction of multi-family homes pulling back rather sharply, the Commerce Department released a report on Wednesday showing that U.S. housing starts came in below economist estimates in the month of October.